Seminar by- Tarun Gupta, Vice President, AQR Capital Management, 27th October, 2016 (Thursday) at 3:00 PM

 Quantitative Investment Strategies: Overview of Theory and Evidence byTarun GuptaVice President, AQR Capital ManagementOn27th October, 2016 (Thursday) at 3:00 PMVenue : Seminar Room (First Floor) Department of Economics, Delhi School of EconomicsAll are cordially invitedAbstract Starting with the workhorse asset pricing theory and model, I outline various ‘asset  pricing anomalies’ that seem to be unexplained, and consequently pose a challenge to existing theory. I examine empirical evidence to document these anomalies: Valuation, Momentum and Low-Risk, and potential reasons for why they exist and might continue to do so. I show these are economically meaningful in magnitude and statistically significant. Further, the anomalies appear

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Seminar by- Sushma Murty, University of Exeter, 20th October, 2016 (Thursday) at 3:00 PM

 Measuring unilateral and multilateral gains from tackling current economic inefficiencies in CO2 reductions: Theory and evidence. bySushma Murty University of ExeterOn20th October, 2016 (Thursday) at 3:00 PMVenue : Seminar Room (First Floor) Department of Economics, Delhi School of EconomicsAll are cordially invitedAbstractWe develop a methodology for (a) constructing unilateral profit (producer surplus)- increasing and emission-decreasing policy reforms and (b) measuring marginal abatement cost (MAC), when countries operate inefficiently in meeting their self-imposed emission caps and when instantaneous radical jumps from their inefficient status-quos to their emission-constrained optima are infeasible due to existing institutional and political constraints. Data from 118 countries combined

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Seminar by- Renuka Sane, ISI, New Delhi, Thursday, 22nd September 2016 at 3:00 PM

 Misled and Mis-sold: Financial misbehaviour in retail banks? byRenuka SaneISI, New DelhiOn22nd September, 2016 (Thuresday) at 3:00 PMVenue : Seminar Room (First Floor) Department of Economics, Delhi School of EconomicsAll are cordially invitedAbstractWe use an audit methodology where auditors ask for tax saving instruments from banks and document the disclosures made on product features at the time of sale. In private sector banks with high sales incentives, the high commission product is recommended. In public sector banks, where there are deposit mobilisation targets, fixed deposits are recommended. Banks rarely make voluntary disclosures on product features. When specifically requested, information provided is

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Seminar by- Devesh Roy, IFPRI, New Delhi, Thursday, 1st September 2016 at 3:00 PM

 An Application (or Two) of the Synthetic Control Method (SCM) in Policy Evaluation byDevesh Roy IFPRI, New DelhiOn1st September, 2016 (Thuresday) at 3:00 PMVenue : Seminar Room (First Floor) Department of Economics, Delhi School of EconomicsAll are cordially invitedAbstractWe estimate the impact of the Hartz Reforms, the most prominent labor reforms in Germany since the Second World War, on the German labor market. We adopt a cross-country program evaluation approach where, employing Synthetic Control Method (SCM) for comparative case studies, we utilize the characteristics of OECD countries to construct a counterfactual for Germany. We find that while the reforms did not

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Seminar by- Kehinde Ajayi, Boston University, 23rd August, 2016 (Tuseday) at 3:00 PM

 Student Performance and the Effects of School Quality versus School FitbyKehinde Ajayi Boston UniversityOn23rd August, 2016 (Tuesday) at 3:00 PMVenue : Seminar Room (First Floor) Department of Economics, Delhi School of EconomicsAll are cordially invitedAbstractThis paper quantifies the effects of attending a school with high academic quality versus one with preferred characteristics. Analyzing data on secondary students in Ghana, I find that school quality generates larger benefits than school fit — students admitted to schools with high performing peers are more likely to stay in the same school and have modest gains in exam scores; students admitted to schools with

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